Iron Creek Capital Corp. (TSX VENTURE:IRN) is pleased to announce a non-brokered private placement of up to 16,666,667 units at $0.06 per unit. Each unit will be comprised of one common share and one-half of one non-transferable common share purchase warrant. Each Warrant entitles the holder to purchase an additional Share at $0.10 for a period of two years.
The Shares, and any Shares issued on the exercise of the Warrants, will be subject to customary securities legislation hold periods. There can be no assurance that the private placement will be completed as proposed or at all, and it is subject to a number of conditions, including the approval of the TSX Venture Exchange and other applicable regulatory approvals.
The Company may, at its discretion and subject to TSXV approval, pay a finder’s fee consisting of 6% units and 6% broker warrants, each broker warrant entitling the finder to purchase a Share at $0.10 for a period of two years.
The proceeds of the financing will be used for exploration of the Company’s mineral projects in Chile and for general working capital purposes.
About Iron Creek
Iron Creek Capital Corp. is a Vancouver-based mineral exploration company engaged in the acquisition and exploration of precious and base metals projects in Chile.
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